Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Valuation Officer reference conditions are fixed by prescribed thresholds for asset value and monetary limit under the rules. The rule prescribes the conditions for reference to a Valuation Officer by fixing the applicable threshold at 15 per cent of the value of the asset and Rs. 25,000. It functions as a specific limit governing the statutory reference power for valuation purposes.
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Provisions expressly mentioned in the judgment/order text.
Valuation Officer reference conditions are fixed by prescribed thresholds for asset value and monetary limit under the rules.
The rule prescribes the conditions for reference to a Valuation Officer by fixing the applicable threshold at 15 per cent of the value of the asset and Rs. 25,000. It functions as a specific limit governing the statutory reference power for valuation purposes.
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